Home |Student Loan | I currently have 6 loans on nelnet and did not consolidate. Is there a way to only pay the overall amount on one loan or will I have to pay a certain amount on each one?

I currently have 6 loans on nelnet and did not consolidate. Is there a way to only pay the overall amount on one loan or will I have to pay a certain amount on each one?

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Abbey Johnson, Helping with Student Loan Documentation
Answered on October 02,2023

The 6 loans are six separate instances of borrowing, even though they have the same lender. So you have to satisfy the minimum payment on each loan. Once you do that, you can pay extra money to any loan you like. (part of the rationale for a loan servicer is that you make 1minimum payment to Nelnet and they apply it to all 6 loans to keep them in good standing, so you don't have to make six individual payments).

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